$2,150,000 great price Multi-family 8 units on 97 street
- $2,150,000
- CMHC MLI Multi Family
- 2025
$2,150,000 great price Multi-family 8 units on 97 street
- $2,150,000
Description
$2,150,000 Edmonton Multi-family 8 units on 97 Street. Convenient location to access Yellowhead, Downtown, the University(Northern Alberta Institute of Technology), the hospitals, and the Kingsway mall. The upper units have 4 beds & 3.5 baths. The lower units have 1 bed & 1 bath. Gross rent $158,400. Currently DP stage and estimated completion is Summer 2026. The project qualifies for the CMHC MLI Select program with a minimum 5% down payment.
Projected Financing:
- Monthly rent: $ 13,200 (8 units)
- Vacancy rate: 5%
- EGI: $150,480
- Total Expenses: 30%
- Cap rate: 5%
- NOI: $105,475.00
- Mortgage loan: $2,036,566.71 @4.10% (as of 2025/10)
- LTV: 95%
- Down payment: $105,000
Download: Proforma
Details
Updated on November 8, 2025 at 1:54 pm-
Price $2,150,000
-
Year Built 2025
-
Property Type CMHC MLI Multi Family
-
Property Status For Sale, New Listing
-
Down payment required 105000
-
Total number of Units 8
Address
Open on Google Maps-
City: Edmonton
-
State/county: Alberta
-
Area: Spruce Avenue
-
Country: Canada
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